3804 Federal Register / Vol. 63, No. 17 /Tuesday, January 27, 1998 /Rules and Regulations

1The equivalent term in Regulation T is margin

security. Regulation X incorporates Regulations G,

T, and U in section 224.3 and therefore also

incorporates the definitions in Regulations G, T,

and U.

FEDERAL RESERVE SYSTEM

12 CFR Parts 207, 220, 221 and 224

[Regulations G, T, U and X]

Securities Credit Transactions; List of

Marginable OTC Stocks; List of

Foreign Margin Stocks

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Final rule; determination of

applicability of regulations.

SUMMARY: The List of Marginable OTC

Stocks (OTC List) is composed of stocks

traded over-the-counter (OTC) in the

United States that have been determined

by the Board of Governors of the Federal

Reserve System to be subject to the

margin requirements under certain

Federal Reserve regulations. The List of

Foreign Margin Stocks (Foreign List) is

composed of foreign equity securities

that have met the Board’s eligibility

criteria under Regulation T. The OTC

List and the Foreign List are published

four times a year by the Board. This

document sets forth additions to and

deletions from the previous OTC List

and the previous Foreign List.

EFFECTIVE DATES: Regulations G and U

(12 CFR parts 207 and 221): February 9,

1998–March 31, 1998; Regulations T

and X (12 CFR parts 220 and 224):

February 9, 1998–January 1, 1999.

FOR FURTHER INFORMATION CONTACT:

Peggy Wolffrum, Securities Regulation

Analyst, Division of Banking

Supervision and Regulation, (202) 452–

2781, Board of Governors of the Federal

Reserve System, Washington, D.C.

20551. For the hearing impaired only,

contact Diane Jenkins,

Telecommunications Device for the Deaf

(TDD) at (202) 452–3544.

SUPPLEMENTARY INFORMATION: Listed

below are the deletions from and

additions to the Board’s OTC List,

which was last published on October

27, 1997 (62 FR 55495), and became

effective November 10, 1997. A copy of

the complete OTC List is available from

the Federal Reserve Banks.

The OTC List includes those stocks

traded over-the-counter in the United

States that meet the criteria in

Regulations G, T and U (12 CFR Parts

207, 220 and 221, respectively). This

determination also affects the

applicability of Regulation X (12 CFR

Part 224). These stocks have the degree

of national investor interest, the depth

and breadth of market, and the

availability of information respecting

the stock and its issuer to warrant

regulation in the same fashion as

exchange-traded securities. The OTC

List also includes any OTC stock

designated for trading in the national

market system (NMS security) under

rules approved by the Securities and

Exchange Commission (SEC).

Additional OTC stocks may be

designated as NMS securities in the

interim between the Board’s quarterly

publications. They will become

automatically marginable upon the

effective date of their NMS designation.

The names of these stocks are available

at the SEC and at the National

Association of Securities Dealers, Inc.

In order to determine the loan value

of stock and other collateral under

Regulations G and U, lenders must be

able to determine whether a particular

stock is a margin stock,1 a term which

is currently defined to include OTC

margin stock. The definition of OTC

margin stock in Regulations G and U

states that ‘‘[a]n OTC stock is not

considered to be an OTC margin stock

unless it appears on the Board’s

periodically published list of OTC

margin stocks.’’ The OTC List provides

the names of these stocks.

Pursuant to amendments recently

adopted by the Board (see 63 FR 2805,

January 16, 1998) lenders subject to

Regulation G will become subject to

Regulation U on April 1, 1998 and

Regulation G will be removed from the

Code of Federal Regulations. Also on

April 1, 1998, the definition of margin

stock in the revised Regulation U will

no longer include OTC margin stock

and the definition of OTC margin stock

will be removed from the revised

Regulation U.

With the extension of Regulation U on

April 1, 1998 to cover lenders currently

subject to Regulation G, and the

elimination of the concept and

accompanying definition of OTC margin

stock in the revised Regulation U,

lenders subject to Regulation U will no

longer be bound by the OTC List

published today. Instead, as of April 1,

1998, lenders subject to the revised

Regulation U will be bound by the

revised definition of margin stock,

which continues to include ‘‘[a]ny OTC

security designated as qualified for

trading in the National Market System

under a designation plan approved by

the Securities and Exchange

Commission (NMS security).’’ In other

words, on April 1, 1998, all lenders

subject to the revised Regulation U will

no longer use the OTC List to determine

whether an OTC stock is subject to the

50 percent loan value limitation when

used as collateral for a purpose loan. To

determine whether an OTC stock is

subject to this limitation, a Regulation U

lender will need to determine whether

the stock trades in the National Market

tier of the Nasdaq Stock Market. The

names of these stocks are available at

the SEC and at the National Association

of Securities Dealers, Inc. and can also

be determined by consulting the

internet at http://www.nasdaq.com.

Lenders subject to Regulation T and

borrowers subject to Regulation X who

are required under § 224.3(a) to conform

credit they obtain to Regulation T will

continue to use the OTC List until

publication of the next OTC List,

anticipated for May 1998. The definition

of OTC margin stock will be retained in

Regulation T until January 1, 1999. The

Board will cease publication of the OTC

List at that time.

Also listed below are the deletions

from and additions to the Foreign List,

which was last published on October

27, 1997 (62 FR 55495), and became

effective November 10, 1997. The

Foreign List is used solely by lenders

subject to Regulation T. A copy of the

complete Foreign List is available from

the Federal Reserve Banks.

Public Comment and Deferred Effective

Date

The requirements of 5 U.S.C. 553 with

respect to notice and public

participation were not followed in

connection with the issuance of this

amendment due to the objective

character of the criteria for inclusion

and continued inclusion on the Lists

specified in 12 CFR 207.6(a) and (b),

220.17(a), (b), (c) and (d), and 221.7(a)

and (b). No additional useful

information would be gained by public

participation. The full requirements of 5

U.S.C. 553 with respect to deferred

effective date have not been followed in

connection with the issuance of this

amendment because the Board finds

that it is in the public interest to

facilitate investment and credit

decisions based in whole or in part

upon the composition of these Lists as

soon as possible. The Board has

responded to a request by the public

and allowed approximately a two-week

delay before the Lists are effective.

List of Subjects

12 CFR Part 207

Banks, Banking, Credit, Margin,

Margin requirements, National Market

System (NMS Security), Reporting and

recordkeeping requirements, Securities.

12 CFR Part 220

Banks, Banking, Brokers, Credit,

Margin, Margin requirements,
Federal Register / Vol. 63, No. 17 /Tuesday, January 27, 1998 /Rules and Regulations 3805

Investments, National Market System

(NMS Security), Reporting and

recordkeeping requirements, Securities.

12 CFR Part 221

Banks, Banking, Credit, Margin,

Margin requirements, National Market

System (NMS Security), Reporting and

recordkeeping requirements, Securities.

12 CFR Part 224

Banks, Banking, Borrowers, Credit,

Margin, Margin requirements, Reporting

and recordkeeping requirements,

Securities.

Accordingly, pursuant to the

authority of sections 7 and 23 of the

Securities Exchange Act of 1934, as

amended (15 U.S.C. 78g and 78w), and

in accordance with 12 CFR 207.2(k) and

207.6 (Regulation G), 12 CFR 220.2 and

220.17 (Regulation T), and 12 CFR

221.2(j) and 221.7 (Regulation U), there

is set forth below a listing of deletions

from and additions to the OTC List and

the Foreign List.

Deletions From the List of Marginable OTC

Stocks

Stocks Removed for Failing Continued Listing

Requirements

ALLERGAN LIGAND RETINOID

THERAPEUTICS, INC.

$.001 par common

ALLIANCE IMAGING, INC.

$.01 par common

AMERICA FIRST FINANCIAL FUND 1987

Beneficial unit certificates

AMERICAN TELECASTING, INC.

$.01 par common

AMSCAN HOLDINGS, INC.

$.10 par common

BATTERY TECHNOLOGIES, INC.

No par common

CAI WIRELESS SYSTEMS, INC.

No par common

CATALYTICA, INC.

Warrants (expire 10–31–1997)

CENTURA SOFTWARE CORPORATION

$.01 par common

CHEMTRAK INCORPORATED

$.001 par common

CINERGI PICTURES ENTERTAINMENT INC.

$.01 par common

CYPROS PHARMACEUTICAL

CORPORATION

Class B, warrants (expire 11–03–1997)

EGEORGE FINANCIAL CORPORATION

$.10 par common

ECOGEN INC.

Warrants (expire 01–31–1998)

ELEK-TEK, INC.

$.01 par common

FAULDING INC.

$.01 par common

FFBS BANCORP, INC. (Mississippi)

$.01 par common

FIRST BANKS, INC. (Missouri)

Class C, 9% increasing rate

GARNET RESOURCES CORPORATION

$.01 par common

GATEWAY DATA SCIENCES

CORPORATION

$.01 par common

GEOGRAPHICS, INC.

No par common. Warrants (expire 06–01–

1999)

GLASGAL COMMUNICATIONS, INC.

Warrants (expire 09–21–1999)

GRAND UNION COMPANY, THE

$1.00 par common

HOUSECALL MEDICAL RESOURCES, INC.

$.01 par common

HYBRIDON, INC.

$.001 par common

IITC HOLDINGS, LTD.

Class A, no par common

INTERNATIONAL VERIFACT, INC.

Redeemable Warrants (expire 01–05–1998)

INTERSTATE NATIONAL DEALER

SERVICES, INC.

Warrants (expire 07–22–1999)

KINETIC CONCEPTS, INC.

$.001 par common

KS BANCORP, INC. (North Carolina)

No par common

LTX CORPORATION

131⁄2% convertible debentures

MACHEEZMO MOUSE RESTAURANTS,

INC.

No par common

MAXCOR FINANCIAL GROUP, INC.

Series A, warrants (expire 11–30–2001)

Series B, warrants (expire 11–30–2001)

McMORAN OIL & GAS COMPANY

Rights (expire 11–13–1997)

MERIDIAN POINT REALTY TRUST 83

No par shares of beneficial

MICRO-INTEGRATION CORPORATION

$.01 par common

MIDCOM COMMUNICATIONS, INC.

$.0001 par common

MVSI, INC.

Warrants (expire 08–15–2000)

NAL FINANCIAL GROUP, INC.

$.15 par common

NEUROBIOLOGICAL TECHNOLOGIES, INC.

$.001 par common

NIAGARA CORPORATION

Warrants (expire 08–13–2000)

NUKO INFORMATION SYSTEMS, INC.

$.001 par common

ON-GARD SYSTEMS, INC.

$.001 par common

PENNICHUCK CORPORATION

$1.00 par common

PREMIER LASER SYSTEMS, INC.

Class A, warrants (expire 11–30–1999)

Q-ENTERTAINMENT, INC.

No par common

REDWOOD TRUST, INC.

Warrants (expire 12–31–1997)

REGENT BANCSHARES CORP.

(Pennsylvania)

Series A, $.10 par convertible

TRANSWORLD HEALTHCARE, INC.

Warrants (expire 12–07–1997)

U.S. BANCORP (Minnesota)

Series A, preferred stock

VENTURE SEISMIC, LTD.

Warrants (expire 11–06–2000)

VIDEOLAN TECHNOLOGIES, INC.

Warrants (expire 08–10–2000)

VIROGROUP, INC.

$.01 par common

VISION-SCIENCES, INC.

$.01 par common

WASHINGTON MUTUAL, INC.

Series C, $1.00 par non-cumulative

Depositary shares

WELCOME HOME, INC.

$.01 par common

WELLCARE MANAGEMENT GROUP, INC.,

THE

$.01 par common

WESTERN PACIFIC AIRLINES, INC.

$.001 par common

Stocks Removed for Listing on a National

Securities Exchange or Being Involved in an

Acquisition

1ST UNITED BANCORP (Florida)

$.01 par common

ACC CONSUMER FINANCE CORPORATION

$.001 par common

ACCESS BEYOND, INC.

$.01 par common

ADCO TECHNOLOGIES, INC.

$.01 par common

AIRWAYS CORPORATION

$.01 par common

ALL AMERICAN COMMUNICATIONS, INC.

$.0001 par common

Class B, non-voting, $.0001 par common

ALLIED CAPITAL ADVISERS, INC.

$.001 par common

ALLIED CAPITAL COMMERCIAL

CORPORATION

$.0001 par common

ALLIED CAPITAL CORPORATION

$1.00 par common

ALLIED CAPITAL CORPORATION II

$1.00 par common

ALLTRISTA CORPORATION

No par common

ALPINE LACE BRANDS, INC.

$.01 par common

AMERICAN NATIONAL BANCORP, INC.

$1.00 par common

AMERICAN RECREATION COMPANY

HOLDINGS

$.01 par common

ANDYNE COMPUTING LTD.

No par common

ARBOR HEALTH CARE COMPANY

$.03 par common

ARV ASSISTED LIVING, INC.

No par common

ATCHISON CASTING CORPORATION

$.01 par common

ATLAS AIR, INC.

$.01 par common

BANK CORPORATION OF GEORGIA

$1.00 par common

BDM INTERNATIONAL, INC.

$.01 par common

BELMONT HOMES, INC.

$.10 par common

BOWLIN OUTDOOR ADVERTISING &

TRAVEL

$.001 par common

BOX WORLDWIDE, INC., THE

$.001 par common

BRANFORD SAVINGS BANK (Connecticut)

No par common

CAIRN ENERGY USA, INC.

$.01 par common

CALNETICS CORPORATION

No par common

CAPITAL BANCORP (Florida)

$1.00 par common

CB COMMERCIAL REAL ESTATE SERVICES
3806 Federal Register / Vol. 63, No. 17 /Tuesday, January 27, 1998 /Rules and Regulations

$.01 par common

CENTRAL FIDELITY BANKS, INC.

$5.00 par common

COMMUNITY BANK SYSTEM, INC. (New

York)

$1.25 par common

COMMUNITY CARE OF AMERICA, INC.

$.01 par common

COMPUTATIONAL SYSTEMS, INC.

No par common

COMPUTER DATA SYSTEMS, INC.

$.10 par common

CYRIX CORPORATION

$.004 par common

DATA DOCUMENTS INCORPORATED

$.01 par common

DELCHAMPS, INC.

$.01 par common

DOUBLETREE CORPORATION

$.01 par common

ELEXSYS INTERNATIONAL, INC.

$1.00 par common

ENDOVASCULAR TECHNOLOGIES, INC.

$.00001 par common

EXIDE ELECTRONICS GROUP, INC.

$.01 par common

FINANCIAL INSTITUTIONS INSURANCE

$1.00 par common

FIRST FINANCIAL CORPORATION

$1.00 par common

FIRST SOUTHEAST FINANCIAL

CORPORATION

$.01 par common

FIRSTPLUS FINANCIAL GROUP, INC.

$.01 par common

FOREST OIL CORPORATION

$.10 par common

GAME FINANCIAL CORPORATION

$.01 par common

GATEWAY BANCORP, INC. (Kentucky)

$.01 par common

GLASTONBURY BANK & TRUST

COMPANY

$2.50 par common

GREEN, A.P. INDUSTRIES, INC.

$1.00 par common

GREENFIELD INDUSTRIES, INC.

$.01 par common

GROUND ROUND RESTAURANTS, INC.

$.1667 par common

GYNECARE INC.

$.01 par common

HA-LO INDUSTRIES, INC.

No par common

HAYES WHEELS INTERNATIONAL,

$.01 par common

HEALTHDYNE, INC.

$.01 par common

HOLLYWOOD PARK, INC.

$.01 par common

HOMEGATE HOSPITALITY, INC.

$.01 par common

HPR, INC.

$.01 par common

INACOM CORP.

$.10 par common

INFINITY FINANCIAL TECHNOLOGY, INC.

No par common

INTERNATIONAL DAIRY QUEEN, INC.

Class A, $.01 par common

Class B, $.01 par common

INTERNATIONAL IMAGING MATERIALS,

INC.

$.01 par common

JACKSON HEWITT INC.

$.02 par common

JEFFERSON BANKSHARES, INC. (Virginia)

$2.50 par common

LB FINANCIAL, INC.

$.01 par common

LEASING SOLUTIONS, INC.

No par common

LINDSAY MANUFACTURING CO.

$1.00 par common

MAGNA BANCORP, INC. (Mississippi)

$.01 par common

MAGNETIC TECHNOLOGIES

CORPORATION

$.15 par common

MAIL BOXES ETC.

No par common

MEDIC COMPUTER SYSTEMS, INC.

$.01 par common

MELAMINE CHEMICALS, INC.

$.01 par common

MODTECH, INC.

$.01 par common

MOSINEE PAPER CORPORATION

$2.50 par common

MUSTANG SOFTWARE, INC.

No par common

NATIONAL HEALTH ENHANCEMENT

SYSTEMS

$.001 par common

NATIONAL PICTURE & FRAME COMPANY

$.01 par common

NETWORK GENERAL CORPORATION

$.01 par common

NFO WORLDWIDE, INC.

$.01 par common

OFFSHORE ENERGY DEVELOPMENT

$.01 par common

ORTHODONTIC CENTERS OF AMERICA

INC.

$.01 par common

PHONETEL TECHNOLOGIES, INC.

$0.01 par common

PHYSICIAN SUPPORT SYSTEMS, INC.

$.001 par common

PHYSICIANS HEALTH SERVICES, INC.

Class A, $.01 par common

PITTENCRIEFF COMMUNICATIONS, INC.

$.01 par common

POE & BROWN, INC.

$.10 par common

PREMENOS TECHNOLOGY CORPORATION

$.01 par common

PREMIER PARKS, INC.

$.05 par common

PRIMARY BANK (New Hampshire)

$.01 par common

PRONET, INC.

$.01 par common

REXWORKS, INC.

$.12 par common

ROBBINS & MYERS, INC.

No par common

ROTECH MEDICAL CORPORATION

$.0002 par common

SEAMAN FURNITURE COMPANY, INC.

$.01 par common

SEQUANA THERAPEUTICS, INC.

$.001 par common

SHO-ME FINANCIAL CORPORATION

$.01 par common

SIRROM CAPITAL CORPORATION

No par common

$.01 par common

Class A, $.01 par common

SULLIVAN DENTAL PRODUCTS, INC.

$.01 par common

TECHNOLOGY SERVICE GROUP, INC.

$.01 par common

Warrants (expire 05–09–1999)

TECNOL MEDICAL PRODUCTS, INC.

$.001 par common

THOMPSON PBE, INC.

$.01 par common

TODHUNTER INTERNATIONAL, INC.

$.01 par common

TRANSTEXAS GAS CORPORATION

$.01 par common

TRIANGLE BANCORP, INC. (North

No par common

TUESDAY MORNING CORP.

$.01 par common

TYSON FOODS, INC.

Class A, $.10 par common

USLD COMMUNICATIONS CORPORATION

$.01 par common

VACATION BREAK U.S.A., INC.

$.01 par common

VECTRA BANKING CORPORATION

$.01 par common

VBC Capital I Cumulative capital

VIEWLOGIC SYSTEMS, INC.

$.01 par common

VIRGINIA FIRST FINANCIAL

CORPORATION

$1.00 par common

WALTER INDUSTRIES, INC.

$.01 par common

ZYTEC CORP.

No par common

Additions to the List of Marginable OTC

Stocks

ACT TELECONFERENCING, INC.

No par common

ADVANTICA RESTAURANT GROUP, INC.

$.01 par common

Warrants (expire 01–07–2005)

ALYDAAR SOFTWARE CORPORATION

$.001 par common

AMERICAN BINGO & GAMING

CORPORATION

$.001 par common

AMERICAN EDUCATIONAL PRODUCTS,

INC.

$.05 par common

AMERICAN PHYSICIAN PARTNERS, INC.

$.001 par common

AMERIPATH, INC.

$.01 par common

AMSURG, INC.

Class A, no par common

Class B, no par common

AMVESTORS FINANCIAL CORPORATION

Warrants (expire 04–03–2002)

APPLIED FILMS CORPORATION

No par common

APPLIED MICRO CIRCUITS CORPORATION

$.01 par common

ATLANTIC GULF COMMUNITIES

CORPORATION

A Warrants (expire 06–23–2004)

B Warrants (expire 06–23–2004)

C Warrants (expire 06–23–2004)

AVTEAM, INC.

$.01 par common

BANK OF THE OZARKS, INC.

$.01 par common

BARBEQUES GALORE LIMITED

American Depositary Receipts

BAY BANCSHARES, INC. (Texas)

$1.00 par common

BERINGER WINE ESTATES HOLDINGS,

INC.

Class B, no par common

BIGMAR, INC.
Federal Register / Vol. 63, No. 17 /Tuesday, January 27, 1998 /Rules and Regulations 3807

$.001 par common

BIOANALYTICAL SYSTEMS, INC.

No par common

BOREL BANK & TRUST COMPANY

(California)

$.01 par common

BRASS EAGLE, INC.

$.01 par common

BRIGHT HORIZONS, INC.

$.01 par common

BROUGHTON FOODS COMPANY

$1.00 par common

C.H. ROBINSON WORLDWIDE, INC.

$.10 par common

C3, INC.

No par common

CANADA SOUTHERN PETROLEUM LTD.

$1.00 par limited voting shares

CAPITOL BANCORP, LTD.

$10.00 par trust preferred

CAPTEC NET LEASE REALTY, INC.

$.01 par common

CASELLA WASTE SYSTEMS, INC.

Class A, $.01 par common

CELLEGY PHARMACEUTICALS, INC.

Warrants (expire 08–10–2000)

CFI MORTGAGE, INC.

$.01 par common

COLORADO MEDTECH, INC.

No par common

COLT TELECOM GROUP, PLC

American Depositary Shares

COMMUNITY FIRST BANKSHARES, INC.

Cumulative Capital Securities of CFB

Capital II

COMPU-DAWN, INC.

$.01 par common

CONCORD COMMUNICATIONS, INC.

$.01 par common

CONNING CORPORATION

$.01 par common

CONSOLIDATED CAPITAL CORPORATION

$.001 par common

CRAGAR INDUSTRIES, INC.

$.01 par common

CROSSKEYS SYSTEMS CORPORATION

No par common

DENALI, INC.

$.01 par common

DENTAL CARE ALLIANCE, INC.

$.01 par common

DENTAL/MEDICAL DIAGNOSTIC

SYSTEMS, INC.

$.01 par common

EAST TELECOM GROUP PLC

American Depositary Receipts

ECHOSTAR COMMUNICATIONS

CORPORATION

Series C, $.01 par cumulative convertible

preferred

EDISON BROTHERS STORES,

INCORPORATED

$.01 par common

ELECTRIC LIGHTWAVE, INC.

Class A, $.01 par common

ELECTRONIC PROCESSING, INC.

$.01 par common

ENERGIS, PLC

American Depositary Shares

ESG RE LIMITED

$1.00 par common

EXCEL SWITCHING CORPORATION

$.01 par common

FALLBROOK NATIONAL BANK

$.625 par common

FAROUDJA, INC.

$.001 par common

FINET HOLDINGS CORPORATION

$.01 par common

FIRST ROBINSON FINANCIAL

CORPORATION

$.01 par common

FIRST SECURITYFED FINANCIAL, INC.

$.01 par common

FLEXIINTERNATIONAL SOFTWARE, INC.

$.01 par common

FOCAL, INC.

$.01 par common

FORMULA SYSTEMS (1985), LTD.

American Depositary Receipts

FRANKLIN BANK, NATIONAL

ASSOCIATION

Series A, noncumulative exchangeable

preferred

FRANCHISE MORTGAGE ACCEPTANCE

COMPANY

$.001 par common

FRIENDLY ICE CREAM CORPORATION

$.01 par common

GAMETECH INTERNATIONAL, INC.

$.001 par common

GART SPORTS COMPANY

$.01 par common

GENE LOGIC, INC.

$.001 par common

GILAT COMMUNICATIONS, LTD.

Ordinary Shares (NIS .01)

GOLD BANC CORPORATION, INC.

$25 par preferred securities

GREAT PEE DEE BANCORP, INC.

$.01 par common

HAYES CORPORATION

$.01 par common

HEALTHWORLD CORPORATION

$.01 par common

HERBALIFE INTERNATIONAL, INC.

Class B, $.01 par common

HERITAGE FINANCIAL CORPORATION

$.01 par common

HERLEY INDUSTRIES, INC.

Warrants (expire 01–11–1999)

HOLT’S CIGAR HOLDINGS, INC.

$.001 par common

HOMECAPITAL INVESTMENT

CORPORATION

$.01 par common

HURRICANEHYDROCARBONS, LTD.

Class A, no par common

HYBRID NETWORKS, INC.

$.001 par common

I.C. ISAACS & COMPANY, INC.

$.0001 par common

ICOS VISION SYSTEMS CORPORATION

No par common

IMAGEMAX, INC.

No par common

IMAGING TECHNOLOGIES CORPORATION

$.005 par common

IMPERIAL CREDIT COMMERCIAL

MORTGAGE INVESTORS

$.001 par common

INDIANA UNITED BANCORP, INC.

Cumulative trust preferred securities

INFORMATION ADVANTAGE, INC.

$.01 par common

INMARK ENTERPRISES, INC.

$.001 par common

INNOVATIVE VALVE TECHNOLOGIES,

INC.

$.001 par common

INTERNATIONAL AIRCRAFT INVESTORS

$.01 par common

INTERNATIONAL BRIGUETTES HOLDING

$.01 par ordinary shares

INTERNATIONAL MANUFACTURING

SERVICES, INC.

Class A, $.001 par common

INTERNATIONAL SPORTS WAGERING,

INC.

$.001 par common

INTERVU, INC.

$.001 par common

ITC DELTACOM, INC.

$.01 par common

JAVELIN SYSTEMS, INC.

$.01 par common

KSB BANCORP, INC.

$.01 par common

LAMINATING TECHNOLOGIES, INC.

$.01 par common

LANDMARK SYSTEMS CORPORATION

$.01 par common

LET’S TALK CELLULAR & WIRELESS, INC.

$.01 par common

LINC CAPITAL, INC.

$.001 par common

LONG ISLAND COMMERCIAL BANK

$3.00 par common

LYNX THERAPEUTICS, INC.

$.001 par common

MADE2MANAGE SYSTEMS, INC.

No par common

MAHONING NATIONAL BANCORP, INC.

No par common, $1.00 stated value

MEDIWARE INFORMATION SYSTEMS,

INC.

$.10 par common

METROMEDIA FIBER NETWORK, INC.

Class A, $.01 par common

METRONET COMMUNICATIONS

CORPORATION

Class B, non-voting no par common

MIDWAY AIRLINES CORPORATION

$.01 par common

MMC NETWORKS, INC.

$.001 par common

MONTGOMERY FINANCIAL

CORPORATION

$.01 par common

MOTOR CARGO INDUSTRIES, INC.

No par common

MPW INDUSTRIAL SERVICES GROUP, INC.

No par common

MYSTIC FINANCIAL, INC.

$.01 par common

N2K, INC.

$.001 par common

NAM TAI ELECTRONICS, INC.

Warrants (expire 11–01–2000)

NANOPHASE TECHNOLOGIES

CORPORATION

$.01 par common

NEUTRAL POSTURE ERGONOMICS, INC.

$.01 par common

NOVACARE EMPLOYEES SERVICES, INC.

$.01 par common

NOVAMERICAN STEEL, INC.

No par common

NRG GENERATING (U.S.), INC.

$.01 par common

NYMOX PHARMACEUTICAL

CORPORATION

$2.00 par common

OAO TECHNOLOGY SOLUTIONS, INC.

$.01 par common

OMNI ENERGY SERVICES CORPORATION

$.01 par common

OUTSOURCE INTERNATIONAL, INC.

$.001 par common

OYO GEOSPACE CORPORATION
3808 Federal Register / Vol. 63, No. 17 /Tuesday, January 27, 1998 /Rules and Regulations

$.01 par common

PAPER WAREHOUSE, INC.

$.01 par common

PAULA FINANCIAL

$.01 par common

PEMBRIDGE, INC.

No par common

PENNFED FINANCIAL SERVICES, INC.

$25.00 par cumulative trust preferred stock

PENNFIRST BANCORP, INC.

Cumulative trust preferred securities

PERICOM SEMICONDUCTOR

CORPORATION

No par common

PETROGLYPH ENERGY, INC.

$.01 par common

POWER INTEGRATION, INC.

$.001 par common

PRECISION AUTO CARE, INC.

$.01 par common

PREVIEW TRAVEL, INC.

$.001 par common

PRINCETON VIDEO IMAGE, INC.

No par common

PRIORITY HEALTHCARE CORPORATION

Class B, $.01 par common

PROGENICS PHARMACEUTICALS, INC.

$.0013 par common

PRT GROUP

$.001 par common

QUESTA OIL & GAS COMPANY

$.01 par common

QUIGLEY CORPORATION

$.0005 par common

REALNETWORKS, INC.

$.001 par common

ROCK OF AGES CORPORATION

Class A, $.01 par common

SIX RIVERS NATIONAL BANK (California)

$5.00 par common

SKY NETWORK TELEVISION LIMITED

American Depositary Shares

SNB BANCSHARES, INC. (Georgia)

$1.00 par common

SOMNUS MEDICAL TECHNOLOGIES, INC.

$.001 par common

SOUTHERN COMMUNITY BANCSHARES,

INC.

$.01 par common

SPECTRA-PHYSICS LASERS, INC.

$.01 par common

SPIROS DEVELOPMENT CORPORATION II,

INC.

Units (expire 12–31–1999)

SPORTSLINE USA, INC.

$.01 par common

STIRLING COOKE BROWN HOLDINGS

LIMITED

$.25 par ordinary shares

SUCCESS BANCSHARES, INC. (Illinois)

$.001 par common

SUN BANCORP, INC. (New Jersey)

$1.00 par common

T & W FINANCIAL CORPORATION

$.01 par common

TEKGRAF, INC.

$.001 par common

Warrants (expire 11–20–2002)

TELIGENT, INC.

Class A, $.01 par common

TELSCAPE INTERNATIONAL, INC.

$.001 par common

TERA COMPUTER COMPANY

$.01 par common

TIER TECHNOLOGIES, INC.

Class B, no par common

TIMBERLAND BANCORP, INC.

$.01 par common

TODAY’S MAN, INC.

Warrants (expire 12–31–1999)

TOPRO, INC.

$.0001 par common

TOYMAX INTERNATIONAL, INC.

$.01 par common

TRANSCOASTAL MARINE SERVICES, INC.

$.001 par common

TRANSIT GROUP, INC.

$.01 par common

TRI-COUNTY BANCORP, INC.

$.10 par common

TROPICAL SPORTSWEAR

INTERNATIONAL CORPORATION

$.01 par common

U.S. TIMBERLANDS COMPANY, LP

No par common

U.S. VISION, INC.

$.01 par common

UBICS, INC.

$.01 par common

UNIDYNE CORPORATION

$.001 par common

UNION COMMUNITY BANCORP.

No par common

USWEB CORPORATION

$.0001 par common

VARI-LITE INTERNATIONAL, INC.

$.01 par common

VIRGIN EXPRESS HOLDINGS, PLC

American Depositary Shares

VRB BANCORP (Oregon)

No par common

WARWICK COMMUNITY BANCORP, INC.

$.01 par common

WASHINGTON SCIENTIFIC INDUSTRIES,

INC.

$.10 par common

WHG BANCSHARES CORPORATION

$.10 par common

WHITE CAP INDUSTRIES, INC.

$.01 par common

WMF GROUP, LTD.

$.01 par common

YOUNG INNOVATIONS, INC.

$.01 par common

ZYMETX, INC.

$.001 par common

Deletions From the Foreign Margin List

Australia

ARNOTTS LIMITED

Ordinary shares, par A$0.50

BANK OF MELBOURNE LIMITED

Ordinary shares, par A$1.00

Austria

CREDITANSTALT-BANKVEREIN AG

Preferred shares, par 100 Austrian

CREDITANSTALT-BANKVEREIN AG

Ordinary shares, par 1000 Austrian

CREDITANSTALT-BANKVEREIN AG

Participation Certificates, par 500

Belgium

BBL (BANQUE BRUX LAMB)

Ordinary shares, no par

POWERFIN SA

No par participating certificates

Canada

LONDON INSURANCE GROUP INC.

No par common

France

USINOR SACILOR

Common shares par 40 French francs

WORMS ET COMPAGNIE SCA

Registered shares, par 12 French

Germany

PWA PAPIERWERKE WALDHOFASCHAFFENBURG

Bearer shares, par DM 50

Hong Kong

CHINA LIGHT & POWER COMPANY,

LIMITED

HK$5.00 par ordinary shares

KOWLOON MOTOR BUS COMPANY (1933)

LTD

HK$1.00 par ordinary shares

Ireland

WOODCHESTER INVESTMENTS PLC

A Ordinary shares, par .20 Irish

Italy

BANCO AMBROSIANO VENETO SPA

Non-convertible savings shares, par

BANCO AMBROSIANO VENETO SPA

Ordinary shares, par 1000 lira

Japan

HOKKAIDO TAKUSHOKU BANK, LIMITED

Y 50 par common

JAPAN SYNTHETIC RUBBER CO., LTD.

Y 50 par common

SANYO SECURITIES CO., LTD.

Y 50 par common

TOSHOKU LTD.

Y 50 par common

YAMAICHI SECURITIES CO., LTD.

Y 50 par common

Mexico

CIFRA, S.A. DE C.V.

Series A Common, par .30 Mexican

CIFRA, S.A. DE C.V.

Series B Common, par .30 Mexican

Norway

STOREBRAND AS

Convertible preferred A shares, par

Philippines

AYALA CORPORATION

Class B common shares, par 1

AYALA LAND INC.

Class B Common Shares, par 1

Singapore

HAW PAR BROTHERS INTERNATIONAL

LTD.

Ordinary shares, par S$1.00

INCHCAPE BERHAD

Ordinary shares, par S$0.50

Sweden

NORDBANKEN AB

Restricted shares, par 12.50

SPARBANKEN SVERIGE AB (Swedbank)

Series A, par 10 Swedish krona

Switzerland

ELEKTROWATT AG

Bearer shares, par 50 Swiss francs

United Kingdom

COWIE GROUP PLC

Ordinary shares, par 5 p

GRAND METROPOLITAN PLC

Ordinary shares, par 25 p

GUINNESS PLC
Federal Register / Vol. 63, No. 17 /Tuesday, January 27, 1998 /Rules and Regulations 3809

Ordinary shares, par 25 p

HARRISONS & CROSFIELD PLC

Ordinary shares, par 25 p

MERCURY ASSET MANAGEMENT GROUP

PLC

Ordinary shares, par 5 p

REDLAND PLC

Ordinary shares, par 25 p

TR CITY OF LONDON TRUST PLC

Ordinary shares, par 25 p

Additions to the Foreign Margin List

Australia

TELSTRA CORPORATION

Ordinary shares, par A$1.00

Austria

AUSTRIAN TABAK

Ordinary shares, par 1000 Austrian

Belgium

UCB SA

Ordinary shares, no par

France

FRANCE TELECOM SA

Ordinary shares, par 25 French

USINOR SA

Common, par 40 French francs

Germany

HOECHST AG

Bearer shares, par DM 50

Hong Kong

CLP HOLDINGS, LIMITED

HK$5.00 par ordinary shares

KMB HOLDINGS, LIMITED

HK$1.00 par ordinary shares

Italy

BANCA INTESA SPA

Ordinary shares, par 1000 lira

BANCA INTESA SPA

Non-convertible savings shares, par

Japan

JSR CORPORATION

Y 50 par common

RINNAI CORPORATION

Y 50 par common

Mexico

CIFRA, S.A. DE C.V.

Series V, no par common

Norway

STOREBRAND AS

A Common Shares, par 5 Norwegian

Philippines

AYALA CORPORATION

Common, par 1 Philippine peso

AYALO LAND, INC.

Common, par 1 Philippine peso

Singapore

HAW PAR CORPORATION

Ordinary shares, par S$1.00

INCHOAPE MOTORS, LTD.

Ordinary shares, par S$.50

Sweden

FORENINGS SPARBANKEN AB

Series A, par 10 Swedish krona

NORDBANKEN HOLDING AB

Registered shares, par 12.50

United Kingdom

ARRIVA PLC

Ordinary shares, par 5 p

CITY OF LONDON PLC

Ordinary shares, par 25 p

DIAGEO PLC

Ordinary shares, par 25 p

ELEMENTIS PLC

Ordinary shares, par 25 p

By order of the Board of Governors of the

Federal Reserve System, acting by its Director

of the Division of Banking Supervision and

Regulation pursuant to delegated authority

(12 CFR 265.7(f)(10)), January 21, 1998.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 98–1863 Filed 1–26–98; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 97–CE–151–AD; Amendment

39–10292; AD 98–01–14]

RIN 2120–AA64

Airworthiness Directives; Cessna

Aircraft Company Model 182S

Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule; request for

comments.

SUMMARY: This document publishes in

the Federal Register an amendment

adopting Airworthiness Directive (AD)

98–01–14, which was sent previously to

all known U.S. owners and operators of

Cessna Aircraft Company (Cessna)

Model 182S airplanes. This AD requires

replacing the left and right Aeroquip

engine exhaust mufflers (P/N 71379–

1254017–8) with an FAA-approved

equivalent part. Reports of carbon

monoxide gas entering the cabin heating

system and the cabin of the Cessna

Model 182S airplanes prompted this

action. This condition, if not corrected,

could result in passenger and pilot

injury with consequent loss of control of

the airplane.

DATES: Effective February 23, 1998, to

all persons except those to whom it was

made immediately effective by priority

letter AD 98–01–14, issued December

30, 1997, which contained the

requirements of this amendment.

Comments for inclusion in the Rules

Docket must be received on or before

March 27, 1998.

ADDRESSES: Submit comments in

triplicate to the Federal Aviation

Administration (FAA), Central Region,

Office of the Regional Counsel,

Attention: Rules Docket 97–CE–151–

AD, Room 1558, 601 E. 12th Street,

Kansas City, Missouri 64106.

Service information that applies to

this AD may be obtained from The

Cessna Aircraft Company, P.O. Box

7706, Wichita, Kansas 67277, telephone

(316) 941–7550, facsimile (316) 942–

9008.

FOR FURTHER INFORMATION CONTACT: Mr.

Paul Pendleton, Aerospace Engineer,

Wichita Aircraft Certification Office,

1801 Airport Road, Rm. 100, MidContinent Airport, Wichita, Kansas

67209, telephone (316) 946–4128;

facsimile (316) 946–4407.

SUPPLEMENTARY INFORMATION:

Discussion

On December 30, 1997, the FAA

issued priority letter AD 98–01–14,

which applies to Cessna 182S airplanes.

Cessna Aircraft Company has recently

reported that a quality control problem

exists with Aeroquip engine exhaust

mufflers installed on certain Cessna

Model 182S airplanes. Nineteen Cessna

Model 182S airplanes are equipped with

these mufflers.

The problem was discovered during a

delivery flight from the manufacturing

facility. Following this incident, three

operators have reported cracked

mufflers during use, and two similar

failures occurred at Cessna’s facility

during production acceptance flight

tests. Cessna subsequently pressuretested the Aeroquip muffler assemblies,

which revealed that 7 out of 10 mufflers

showed gas leak paths through defective

weldments.

These inadequate or failed weldments

will permit exhaust gas (including

carbon monoxide) leakage from the

muffler, and consequently into the

airplane’s cabin and cockpit area.

Cessna reports that 19 of these Model

182S airplanes are directly affected. The

serial numbers for these models are

18280050 through 18280060, 18280062,

18280063, 18280066, 18280067 through

18280070, and 18280083. All other

Cessna Model 182S airplanes were

manufactured with Cessna mufflers,

part number (P/N) 1254017–8. After

examining the circumstances and

reviewing all information related to the

situation described above, the FAA has

determined that AD action should be

taken to prevent carbon monoxide gas

from entering the airplane’s cabin

heating system and cabin, which, if not

corrected, could result in passenger and

pilot injury with consequent loss of

control of the airplane.

Relevant Service Information

Cessna Aircraft Company Service

Bulletin No. SB97–78–01, dated